MEXICO |
Bleak economic outlook. The International Monetary Fund (IMF) revised down its growth forecast for Mexico from 2.3% projected in October 2016 to 1.7% in its latest World Economic Outlook report. The IMF based its downward revision on the economic “uncertainty” produced by the arrival of Donald Trump to the US presidency. It said that while Mexico continues to have solid macroeconomic policies that help to absorb external economic shocks and reinforce Mexico’s economic position, the threats issued by Trump that he would seek to protect US manufacturing jobs by imposing import tariffs on Mexican manufactured goods, as well as actively seek to dissuade US and foreign manufacturers from investing in Mexico over the US, would negatively impact Mexico’s economy. The Economic Commission for Latin America and the Caribbean (Eclac) reduced its growth projection for Mexico from 2% to 1.9%.
End of preview - This article contains approximately 143 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options